“The worst possible Brexit, a potentially catastrophic no-deal, now looks increasingly possible—just at the very moment when the G7 debacle shows the vital importance of international cooperation. The Brexit project is like a clapped-out car wobbling and wheezing towards the finishing line next year with wheels and bits of bodywork falling off as the line approaches…. There is still time to dump the car.”

“When the U.K. secedes from the EU, it will abandon 70 years of globalization. It will turn away from a world order that increasingly relies on supranational institutions to check the power of extremely wealthy individuals and corporations like Apple and Facebook, with market capitalizations far bigger than the GDPs of most nations.” The potential consequences of Brexit leave many in the City of London feeling threatened, but there is “a coterie of hard-right, wealthy businessmen” who are delighted about “rolling back globalization to protect their positions of power — all in the name of populism.”